Accurate and timely accounting information is a necessity for any successful business. Jeffrey W. Krol & Associates, Ltd. can assist you on either a temporary or on-going basis. Due to the size of our firm, our clients receive incomparable, personalized, quality service. We offer the following:

- Tax Planning and Return Preparation Services
- Accounting Services
- Business Valuation Services

Tax Planning and Return Preparation Services

Expertise. Peace of mind. These are the things that you can expect your tax advisor to provide. We view our relationship with each of our clients as an ongoing partnership and strive to provide you with quality, up-to-date tax return preparation and advice. We keep abreast of current tax laws throughout the year to minimize your tax liabilities and to maximize your future opportunities.

Whether you are an individual or operate a multi-tiered corporation or partnership, our principals and staff can accommodate your needs for tax planning and preparation.

We offer the following:
- Individual and Business Income Tax Planning
- Individual, Corporate, Partnership, and Fiduciary Tax Return Preparation
- Estate Planning
- Employee Benefit Plan Annual Reports and Compliance
- Tax-exempt Organization Reports and Compliance
- Department of Labor Reporting and Compliance
- Representation Before Taxing Authorities and Other Agencies
- Employment Taxes
- Sales and Use Taxes


Check your federal refund online
Check your Illinois refund online

Accounting Services

Third parties relying on your financial statements often require an audit for assurance. In order to conduct an audit, we examine your company's financial statements in accordance with generally accepted auditing standards. An audit requires us to examine internal controls and to complete substantial testing of the information underlying the financial statements. We then document our opinion as to whether the statements are fairly presented in conformity with generally accepted accounting principles.

We offer the following:
- Audit, Review and Compilation Services
- Forecasts and Projections
- Internal Accounting Control Engagements
- Other Non-traditional Engagements
- Write-up and Bookkeeping
- Payroll Audits
 

Business Valuation Services

ESOPs, litigation support, mergers and acquisitions, divorce settlements, buy - sell agreements... In these cases, you need to know what your business is worth. Rely on our firm to assist you through these difficult processes. We will do a comprehensive analysis that can help you make informed decisions.

We offer the following:
- Business Structuring
- Mergers and Acquisitions
- Business Valuations
- Personal Financial Planning
- Asset Allocation and Investment Strategies
- Retirement Planning
- Succession Planning
- Insurance Review
- Litigation Support
- Fraud Detection Services
- Loan Assistance, Debt Restructuring
- Information and Computer Services
- Management Advisory Services